Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. During the current year, a new inventory layer at base-year retail prices was added in the amount of: (round your answer to the nearest dollar amount)
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Business, 21.06.2019 13:50, fseftrwer4378
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Business, 22.06.2019 18:30, maddylol3863
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Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage...
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